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Worldcoin’s (WLD) Price Has a Shot at Recovery Thanks to Whales  

2 mins
Updated by Ryan James
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In Brief

  • Worldcoin’s price could climb back to $5.64 if it manages to turn $5.14 into a support floor.
  • Whales have been heavily accumulating WLD, with their holding rising by $30 million in two weeks.
  • The investors also refrain from selling, as evidenced by observing active addresses by profitability.
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Worldcoin’s (WLD) price is on a bullish path propelled by one of the most influential cohorts, the whale addresses.

This investors’ accumulation has enabled WLD to recover recent losses with the help of investors potentially.

Worldcoin Investors Accumulate

Worldcoin’s price is above the $5 mark but still attempts to break past a crucial resistance level. However, the whales could be the altcoin’s savior, as the large wallet holders have consistently added WLD to their holdings.

In the past two weeks, addresses holding between 100,000 and 1 million WLD have bought over 6 million WLD. This supply, worth nearly $30 million, proves investors are optimistic about a price rise. 

Worldcoin Whale Holding.
Worldcoin Whale Holding. Source: Santiment

Thus, they are accumulating now to reap profits once Worldcoin’s price breaks out.

This sentiment is shared by retail investors and is also evident in their behavior. Upon distributing the participation, i.e., active addresses, by profitability, we can observe that the potential for selling is rather low.

In the case of WLD, less than 6% of all addresses conducting a transaction on the network are in profit. Generally, a dominance of this cohort hints at profit booking, but currently, WLD holders are HODLing overselling.

Read More: How to Buy Worldcoin (WLD) and Everything You Need to Know

Worldcoin Active Addresses by Profitability.
Worldcoin Active Addresses by Profitability. Source: IntoTheBlock

Worldcoin’s price could capitalize on this as accumulation and minimal selling create the perfect atmosphere for a rally.

WLD Price Prediction: Rise and Shine

Worldcoin’s price recently bounced off the support at $4.53 after failing to breach the resistance at $5.14. This barrier has been unbroken since mid-May, making it crucial in initiating recovery.

With the help of the investors’ bullishness, WLD could breach this resistance and flip it into a support floor. This would enable a rise to $5.64, which is the next major barrier for the altcoin.

Read More: Worldcoin (WLD) Price Prediction 2024/2025/2030

Worldcoin Price Analysis.
Worldcoin Price Analysis. Source: TradingView

However, a failed breach would keep Worldcoin’s price consolidated between $5.14 and $4.53. A fall to the latter would also increase the potential for a breakdown, invalidating the bullish thesis.

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Disclaimer

In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.

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Aaryamann Shrivastava
As a Mass Media (Journalism) graduate, my journey into cryptocurrency journalism has evolved into a distinguished role as an On-Chain Analyst over the past two and a half years. Collaborating with industry-leading media companies like FXStreet, AMBCrypto, and FXEmpire, I’ve delved deeply into the intricate realms of Crypto and Blockchain, crafting over 2,500 meticulously curated SEO-focused articles. Driven by a commitment to excellence, I remain steadfast in delivering the highest caliber...
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